The China Hotel is a hotel in Guangzhou, Guangdong, China.
It was built in 1979 by the Hong Kong listed conglomerate Hopewell Holdings Ltd under a novel contractual agreement that came to be known as Build-Operate-Transfer, a means of building and operating joint ventures with local authorities in China. This arrangement allowed a foreign partner to build a facility at its own expense, operated it for an agreed length of time to generate a return on its investment, then hand it over to a local partner at no cost.
The 5-star, 1,200 room hotel was, at the time, the largest and most modern hotel in mainland China and is located in Guangzhou's commercial district.
No comments:
Post a Comment